TransDigm Group Inc. (TDG) PT Set at $306.00 by Jefferies Group
TransDigm Group Inc. (NYSE:TDG) has been assigned a $306.00 price target by stock analysts at Jefferies Group in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 17.68% from the company’s previous close.
Several other research firms have also commented on TDG. Deutsche Bank AG upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and raised their price target for the company from $282.00 to $290.00 in a report on Tuesday, November 15th. Vertical Research assumed coverage on shares of TransDigm Group in a report on Friday, October 28th. They issued a “buy” rating on the stock. Canaccord Genuity restated a “buy” rating and issued a $325.00 price target on shares of TransDigm Group in a report on Wednesday, September 7th. Wellington Shields lowered shares of TransDigm Group from a “gradually accumulate” rating to a “hold” rating in a report on Monday, November 14th. Finally, Wolfe Research lowered shares of TransDigm Group from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. TransDigm Group has a consensus rating of “Hold” and an average target price of $262.33.
TransDigm Group (NYSE:TDG) opened at 260.03 on Thursday. TransDigm Group has a one year low of $180.76 and a one year high of $294.38. The stock has a 50 day moving average of $268.21 and a 200 day moving average of $271.59. The firm has a market cap of $13.87 billion, a PE ratio of 25.03 and a beta of 0.61.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.09. The business had revenue of $875.20 million for the quarter, compared to analyst estimates of $884.26 million. TransDigm Group had a net margin of 17.30% and a negative return on equity of 71.44%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.83 EPS. On average, equities analysts forecast that TransDigm Group will post $12.30 earnings per share for the current year.
The firm also recently disclosed a special dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 24th were issued a $24.00 dividend. The ex-dividend date of this dividend was Thursday, October 20th.
In other TransDigm Group news, insider Roger Jones sold 7,500 shares of TransDigm Group stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $285.92, for a total value of $2,144,400.00. Following the completion of the transaction, the insider now owns 11,500 shares of the company’s stock, valued at $3,288,080. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $271.09, for a total transaction of $2,710,900.00. Following the completion of the transaction, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $5,421,800. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in TDG. Fifth Third Bancorp increased its position in TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock worth $152,000 after buying an additional 12 shares in the last quarter. Athena Capital Advisors LLC acquired a new position in TransDigm Group during the third quarter worth approximately $202,000. Advisory Services Network LLC increased its position in TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock worth $185,000 after buying an additional 543 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in TransDigm Group during the second quarter worth about $196,000. Finally, BB&T Securities LLC bought a new stake in TransDigm Group during the third quarter worth about $228,000.
About TransDigm Group
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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